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HomeMy WebLinkAboutText File ReportCity of Miami Text File Report City Hall 3500 Pan American Drive Miami, FL 33133 www.ci miami.thus File ID: 05-00377 Enactment #: R-05-0371 Version: I Type: Resolution Status: Mayor's Office for Signature Enactment Date: 6/9/05 Introduced: 4/19/05 Controlling Body: City Commission A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO, ONE, IN SUBSTANTIALLY THE ATTACHED FORM, TO THE AGREEMENT WITH FLAGLER FIRST CONDOMINIUMS, LLC, RELATING TO THE REDEVELOPMENT OF AN AFFORDABLE HOUSING CONDOMINIUM PROJECT KNOWN AS FLAGLER FIRST CONDOMINIUM, LOCATED AT 101 EAST FLAGLER STREET, MIAMI, FLORIDA ("PROJECT''), PROVIDING AN EXTENSION OF THE DEADLINE FOR THE RECEIPT OF CERTIFICATES OF OCCUPANCY AND THE SALE. OF EIGHTY-ONE (81) OF THE PROJECT'S RESIDENTIAL CONDOMINIUM UNITS, UNTIL DECEMBER 23, 2006. WHEREAS, the City of Miami ("City") entered into an Agreement (the "Agreement") with Flagler First Condominiums, LLC (the 'Developer") relating to the redevelopment of an affordable housing condominium project, known as Flagler First Condominium, located at 101 East Flagler Street, Miami, Florida, to consist of no less than ninety (90) affordable residential condominium units and approximately 7,000 square feet of retail space (the "Project"); and WHEREAS, in accordance with the Agreement the Developer is required to obtain certificates of occupancy for the Project and sell eighty-one (81) of the Project's residential condominium units by June 23, 2005; and WHEREAS, the Developer has experienced delays beyond its reasonable control in conducting extensive structural testing as required by the City (including complete asbestos abatement), in vacating tenants and in bringing the building's premises to current hurricane/wind load and fire code requirements, which has resulted in a delay m the completion of the plans not initially contemplated by the Developer; and WHEREAS, for the aforesaid reasons the Developer has requested an extension until December 23, 2006 for the receipt of Project certificates of occupancy and the sale of eighty-one (81) of the Project's residential condominium units; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is authorized {1) to execute Amendment No. One, in substantially the attached form, to the Agreement with the Developer, relating to the Project, to provide an extension for the receipt of certificates of occupancy and the sale of eighty-one (81) of the Project's residenna] condominium units, until December 23, 2006. City of Miami Page I Printed on 6/I$/2005 CITY ATTORNEY City of Miami Page 2 Printed on 6/t5/2005